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New Financial Instrument Listing Announcement – IVC261
Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
Issuer code: BIINLP
LEI No: 549300RH5FFHO48FXT69
New Financial Instrument Listing Announcement – IVC261
Application has been made to the JSE Limited (“JSE”) for the listing of R30,000,000 (thirty million
Rand) senior unsecured floating rate credit linked Notes (stock code IVC261), under Investec Bank
Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC261 Notes will be issued to Noteholders on the date of listing being with effect from
6 July 2023 commencement of trade.
Salient features of the IVC261 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue Date
Instrument Senior unsecured credit linked Notes
Issue Date 6 July 2023
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of
125bps from the date beginning on and
including the Issue Date to but
excluding the Optional Redemption
Date (Call);
ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of
145bps from the date beginning on and
including the Optional Redemption
Date (Call) to but excluding the
Scheduled Maturity Date
Scheduled Maturity Date 26 January 2025
Optional Redemption Date (Call) 26 January 2024 the Optional
Redemption Date (Call)
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount per
Note (plus accrued unpaid interest, if
any, to the Scheduled Maturity Date)
Interest Commencement Date Issue Date
Books Close Period 17 July to 26 July, 17 October to
26 October, 17 January to 26 January
and 17 April to 26 April (all dates
inclusive) in each year until the
Applicable Redemption Date; or 10 (ten)
days prior and including any Payment
Day
Last Day to Register the last Business Day immediately
preceding the commencement of the
Books Closed Period
Interest Payment Dates 26 July, 26 October, 26 January and 26
April until the Applicable Redemption
Date or, if such day is not a Business
Day, the Business Day on which
interest will be paid, as determined in
accordance with the applicable
Business Day Convention (as specified
in the Applicable Pricing Supplement),
with the first Interest Payment Date
being 26 July 2023
Business Day Convention Following Business Day
JSE Stock Code IVC261
ISIN ZAG000197518
Aggregate Nominal Amount of Notes Outstanding ZAR10,992,052,406 (ten billion nine
under the Programme after this issuance hundred and ninety-two million, fifty-two
thousand four hundred and six Rand).
The Pricing Supplement does not contain any additional
terms and conditions or changes to the terms and
conditions as contained in the Programme
Memorandum.
Investors should study the Applicable Pricing
Supplement for full details of the terms and conditions
applicable to these Notes.
Date: 5 July 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 05-07-2023 05:42:00
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